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News & Policy

Federal Pension Insurance Agency Appoints First Chief Technology Officer

July 24, 2002

The Pension Benefit Guaranty Corporation (PBGC) today announced the appointment of Richard W. Hartt as assistant executive director for information technology and chief technology officer, the first for the agency.

"I look forward to Rick's leadership as we expand the role information technology plays in achieving the goals of the federal pension insurance program," PBGC's Executive Director Steven A. Kandarian said. "His strong technical background combined with executive-level business experience makes him well suited for filling this new role within the agency. Increasingly, we are turning to technology to improve and expand customer service while controlling costs in the face of increasing workloads."

Hartt comes to PBGC with over 24 years of information technology industry experience. He has held executive-level information technology positions in a financial services marketing company, a large computer products reseller, and a start-up applications service provider. Additionally, he has led large-scale systems development projects for government and private-sector clients and served as a senior technology and business strategy consultant.

Hartt graduated from Norwich University with a B.S. in physics and holds an M.S. in operations research from George Washington University. Prior to beginning his career in information technology, he served on active duty as an infantry officer with the U.S. Army.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits for about 44 million American workers and retirees participating in over 35,000 private-sector defined benefit pension plans. The agency receives no funds from general tax revenues. Operations are financed largely by insurance premiums paid by companies that sponsor pension plans and by PBGC's investment returns.

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PBGC No. 02-32